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121
Dec 27, 2012
12/12
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FBC
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we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading volume was down there may be at camp saying it is a good price. exxonmobil refinery near chicago jeff? >> and a note anything
we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is...
73
73
Dec 27, 2012
12/12
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CNBC
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it's not all on sandy. >> depends how you read that metric. when the story is finally told, not .7%, somewhere higher than that. m moo. >> maybe it will. it's not all sandy, people cutting back already, whether military families cutting back dramatically because of sequestration or people who work at defense contractors out of jobs. there's a lot of bad heading our way. to josh's point, people will still send their kids to school and still go shopping but everybody is going to cut back how they shop. they will be trading down, judge, i think. and these idiots from harry reid to the president on top and john boehner included, i'm equal opportunity, it's horrible. >> we heard the same thing at the end of 2011 europe would spill to theist and the u.s. consumer was changing their habits. i'd like to point out the discretionary consumer is the second best in the market this year, 21%. any whoever made a bet against the u.s. consumer -- >> what kind of pullback are we talking about? if you guys like the market through the early part of 2013 -- >> i
it's not all on sandy. >> depends how you read that metric. when the story is finally told, not .7%, somewhere higher than that. m moo. >> maybe it will. it's not all sandy, people cutting back already, whether military families cutting back dramatically because of sequestration or people who work at defense contractors out of jobs. there's a lot of bad heading our way. to josh's point, people will still send their kids to school and still go shopping but everybody is going to cut...
180
180
Dec 27, 2012
12/12
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CNBC
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a lot of things being thrown at the american consumer, the tragedy in connecticut, sandy, fiscal cliff, everything. with that in mind where do you see consumer spending, consumer discretionary spending next year? >> i think in 2013 there's always a place that excels in consumer discretionary and it's based on product, price and where they can expand in terms of channel extension. in 2013 i think we'll see names like nordstrom where they are accelerating the rate of growth. i think we'll see urban outfitters continue their turnaround, perhaps in an accelerated pace in 2013, and i think you're going to continue to see, particularly in the first half of the year, the demand for products from michael kors do well. second half of the year is a different story and perhaps the turnaround of tiffany's to be the name for the second half. >> meantime, r.j., i think you would agree retail remembers scrambling right now because consumer confidence is plunging. three reports in a row that have been pretty dismal. >> yeah, i would agree. i think we're looking for a bit of a pullback in 2013, not onl
a lot of things being thrown at the american consumer, the tragedy in connecticut, sandy, fiscal cliff, everything. with that in mind where do you see consumer spending, consumer discretionary spending next year? >> i think in 2013 there's always a place that excels in consumer discretionary and it's based on product, price and where they can expand in terms of channel extension. in 2013 i think we'll see names like nordstrom where they are accelerating the rate of growth. i think we'll...
90
90
Dec 27, 2012
12/12
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CSPAN
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eye 90
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-- hurricane sandy. a book planned for 5 to 30 p.m. eastern on at least one. and the senate will swear in their replacement for senator inouye. the former democratic lieutenant governor was chosen by the governor for the seat. the houses that line at 2:00 eastern. right now, a pro forma session plan with no blood is little work expended but the agenda could change based on the status of the fiscal cliff negotiations. and we got a special book page setup for things related to the so-called fiscal cliff. you can watch video of hearings and briefings and there is a live twitter stream of comments from viewers and reporters and a resource area with related documents and links, all lacked c-span.org/fiscal cliff. >> the soviets but the missiles in cuba. the united states discovers that by surveillance and then the tension builds. we have a quarantine -- quarantine around cuba. one thing that happens is a soviet submarine is found by american ships and they start to drop the assault charges -- depth charges on
-- hurricane sandy. a book planned for 5 to 30 p.m. eastern on at least one. and the senate will swear in their replacement for senator inouye. the former democratic lieutenant governor was chosen by the governor for the seat. the houses that line at 2:00 eastern. right now, a pro forma session plan with no blood is little work expended but the agenda could change based on the status of the fiscal cliff negotiations. and we got a special book page setup for things related to the so-called...
252
252
Dec 27, 2012
12/12
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CNBC
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eye 252
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you have sandy. the weather hasn't been cooperating. so, there's some real consumer downturn as well. >> and what are you able to tell us about the decisions that your clients are making with you? you are trading leases all the time, presumably, all the big, high-street names. is there optimism? what are the leases you are signing at the moment, higher than lower than perhaps we had six months or a year ago? >> the national retailers continue to be very optimistic about the next couple of years. we are in a recovery, not with sa standing that the fiscal cliff. i think most of the national retailers continue to be optimistic about where they are going the next couple of years. lots of leases are being signed. store counts are being expanded. the retailers, in general, have stronger balance sheets and they are ready to grow again. hopefully, this will be just a temporary pause in terms of the fiscal situation. >> hey, david, i'm curious you when we are sitting here and just after the christmas holiday, what data point do you look to give
you have sandy. the weather hasn't been cooperating. so, there's some real consumer downturn as well. >> and what are you able to tell us about the decisions that your clients are making with you? you are trading leases all the time, presumably, all the big, high-street names. is there optimism? what are the leases you are signing at the moment, higher than lower than perhaps we had six months or a year ago? >> the national retailers continue to be very optimistic about the next...
81
81
Dec 27, 2012
12/12
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CSPAN
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eye 81
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the senate is going to try to finish work on a sandy disaster aid supplemental bill which they have been trying to get done for weeks. they are hoping to finish that today and also trying to work on a foreign intelligence surveillance act authorization extension. there's enough on the floor to keep them busy. the question is whether they will have something to vote on may be on christmas eve. on sunday joe lieberman indicated we would all be working new year's eve. we will see that happens. host: merideth shiner, thanks for your time. we appreciate the update on the fiscal cliff. here is "politico" -- a lot of similar headlines in other publications this morning. we want to hear from business owners on the fiscal cliff and if it is affecting your plans for 2013. you can see the numbers on the screen. business owners only. small or large businesses. from the hill newspaper -- that's from the hill newspaper this morning. finally, from "politico" -- our first call this morning, from business owners only, about your views on the fiscal cliff, comes from jim in hot springs national park, arka
the senate is going to try to finish work on a sandy disaster aid supplemental bill which they have been trying to get done for weeks. they are hoping to finish that today and also trying to work on a foreign intelligence surveillance act authorization extension. there's enough on the floor to keep them busy. the question is whether they will have something to vote on may be on christmas eve. on sunday joe lieberman indicated we would all be working new year's eve. we will see that happens....
91
91
Dec 27, 2012
12/12
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the senate tomorrow will consider the sandy supplemental legislation. hopefully they will pass that tomorrow or by saturday. certainly, the house of representatives needs to address that supplemental to give relief to those that were savaged by sandy in the worst storm that has hit the northeast perhaps in history. the violence against women act passed senate overwhelmingly, something that we could work on today. the farm bill expires on december 31. milk prices will spike substantially if that bill is left to expire. mr. cantor indicated that would be addressed before we left here at the end of the 112th congress. that is some six days a week off for days until december 31, obviously. foreign intelligence surveillance act, to make this country -- to continue making this country safe and secure and and power our people to protect us for those who would harm us, that bill is being considered on the senate today come on the floor. the senate is here, working. the house is not. we had a pro forma session. a session without substance or solutions. postal or
the senate tomorrow will consider the sandy supplemental legislation. hopefully they will pass that tomorrow or by saturday. certainly, the house of representatives needs to address that supplemental to give relief to those that were savaged by sandy in the worst storm that has hit the northeast perhaps in history. the violence against women act passed senate overwhelmingly, something that we could work on today. the farm bill expires on december 31. milk prices will spike substantially if that...